Strs Ohio Buys 117,075 Shares of Shopify Inc. $SHOP

Strs Ohio raised its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 28.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 533,299 shares of the software maker’s stock after acquiring an additional 117,075 shares during the quarter. Strs Ohio’s holdings in Shopify were worth $85,882,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Kornitzer Capital Management Inc. KS bought a new position in Shopify during the fourth quarter valued at about $971,000. Horizon Investments LLC bought a new position in Shopify during the fourth quarter valued at about $2,208,000. Danske Bank A S raised its holdings in Shopify by 129.5% during the fourth quarter. Danske Bank A S now owns 11,621 shares of the software maker’s stock valued at $1,874,000 after buying an additional 6,558 shares in the last quarter. Mutual Advisors LLC raised its holdings in Shopify by 6.8% during the fourth quarter. Mutual Advisors LLC now owns 21,816 shares of the software maker’s stock valued at $3,512,000 after buying an additional 1,395 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. raised its holdings in Shopify by 4.6% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,938 shares of the software maker’s stock valued at $795,000 after buying an additional 218 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors.

Shopify Stock Performance

Shopify stock opened at $127.67 on Friday. The business’s 50-day simple moving average is $122.49 and its 200-day simple moving average is $142.15. The firm has a market capitalization of $166.50 billion, a PE ratio of 137.28, a PEG ratio of 4.30 and a beta of 2.82. Shopify Inc. has a 52 week low of $88.14 and a 52 week high of $182.19.

Analysts Set New Price Targets

A number of research firms have recently commented on SHOP. BMO Capital Markets set a $160.00 price objective on Shopify in a research note on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Shopify in a research note on Friday, March 27th. Citigroup reiterated a “buy” rating and issued a $163.00 price objective (down from $172.00) on shares of Shopify in a research note on Tuesday. Royal Bank Of Canada set a $170.00 price objective on Shopify and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, Phillip Securities upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.46.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify is positioning itself at the center of “agentic commerce,” enabling merchants to sell through ChatGPT, Gemini and Copilot while building an AI-powered checkout/payments backbone — a narrative that supports long-term revenue and take-rate expansion. META vs. SHOP: Which Stock Leads the AI Commerce Revolution?
• Positive Sentiment: Analysts’ consensus target (~$162.70) sits well above the current market price, implying meaningful upside and helping lift sentiment among growth investors. Shopify Inc. (NASDAQ:SHOP) Receives $162.70 Consensus Target Price from Analysts
• Positive Sentiment: Shopify is actively pursuing money-transmitter licenses and other regulatory approvals to expand its fintech and payment offerings, which could boost margins and recurring revenue over time if approved. Shopify Seeks Regulators’ OK to Become Money Transmitter
• Positive Sentiment: Third-party partners are launching Shopify-focused AI tools (e.g., Bloomreach’s Loomi) that enhance personalization and conversion — ecosystem momentum that can amplify merchant success on the platform. Bloomreach Launches Loomi AI for Shopify
• Neutral Sentiment: Smaller integrations (e.g., reAlpha/AiChat conversational commerce) and stories about merchant use cases (vinyl sellers) highlight ecosystem activity but are unlikely to move the stock materially by themselves. reAlpha Announces AiChat Launch of Shopify Conversational Commerce Integration
• Neutral Sentiment: Articles digging into Q1 metrics and bullish retail write-ups provide detail and varied perspectives; they inform investor models but don’t change the core bull/bear case by themselves. Exploring Analyst Estimates for Shopify (SHOP) Q1 Earnings
• Negative Sentiment: An analyst who earlier issued the lone sell rating says it’s still too soon to buy after the selloff, reminding investors that valuation and execution risks remain and keeping some downside pressure on sentiment. Shopify Analyst Who Saw Selloff Coming Says It’s Too Soon to Buy
• Negative Sentiment: A reported service outage drew short-term attention to reliability risks for merchants; operational hiccups can dent near-term confidence if they recur. Is Shopify down? Shopify status after morning outage

Shopify Company Profile

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.